Cui Dongshu from the Passenger Car Association: The overall trend of the national automobile market in October is relatively strong, with structural growth in the commercial vehicle market

Cui Dongshu stated that under the promotion of national consumption policies, the automotive market maintains strong growth. The overall trend of the national automotive market in October was relatively strong, with a noticeable recovery in the truck and bus markets. Due to the slow transmission of retail to wholesale, retail in October 2024 was significantly stronger than wholesale, resulting in negative growth in passenger car retail in October this year. However, due to exports and inventory increases, the growth rate of manufacturer sales in October remained good. The performance of new energy vehicles in October was strong, and the automotive export market continued to strengthen, with significant changes in manufacturer inventory, increasing industry pressure. In October, the commercial vehicle market showed structural growth characteristics driven by new energy, with accelerated electrification in logistics and transportation electric vehicles, as well as in pickup truck models